claimbankchargesback
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Well they have an upper limit in terms of you can't spend more than whats in your account!
If you take money out of the cash machine with your card, there is usually a maximum amount you can take out in one day, to help stop fraud. This is usually £200 - £250 depending on the bank.
In terms of payment transactions using your card, there is no limit to the amount you can use it for, as long as theres enough in your account to cover the payment.
A couple of years ago I put a transaction of over £4000 through on my debit card. |
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Steven
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The contents of your bank account plus your overdraft |
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penelope pitstop
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I think you can use them up to the value of the amount of money that's in your account. |
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JEDI MASTER YODA
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Debit Cards are secured by the funds held in your Bank Checking Account. These cards are convenient and yes they do have a "Spending Limit" or "Daily Limit"
However, these limits can be CHANGED with your approval say for example for a one time large purchase or when you go on vacation or another special occassion.
Because the card can also be used for DEBIT or CREDIT you DON'T want a large daily limit???
Here's why? If you loose the Debit Card and you don't know it someone could go to a VISA or MasterCard Merchant and use your card to purchase goods and services.
Then you would need to file a claim with your Bank for a fraudulent transaction!! This is a hassle and takes weeks to resolve your issue. PROTECT YOUR CARD LIKE CASH!
Have a great day shopping!
GOOD LUCK! :-) |
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juicie813
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Yes they do. All you have do do is call your bank and ask them to increase your daily spending limit on your debit card. They will increase it (well I know that Wachovia does it), provided that you have the funds available. |
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debnettlenote
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Debit cards have a daily online and offline limit each banks have different limits and again it also reflects to what is in your account but lets say you have 15,000.00 in an account and you are going on vacation to maine and find a vw convertable that you have wanted for ever and the price is 6000.00 and your offline limit is 1005.00 and you want to pay in cash you can call your bank and ask for raise for your debit limit for one day to purchase a car-banks can raise the limits for you for vacation and purchases-use the banks that is what they are there for. |
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☠☆Malco☆☠™
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depends on the property`you own`and how much you have in your`piggy bank` |
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M
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ya u just have 2 go 2 the bank and they can increase it 4 u........ usually depends on ur history w/ the bank and how much money u keep in there though.... :) |
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Motörhead Fan
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yes they do, and I've hit mine on more than one occasion!!!! |
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Andy S
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it depends upon your overdraft limit, though through personal experience they will still let you breach your limit and charge you a fee for telling you youve done so. banks are so nice that way arent they? |
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Suzanne S
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Credit Cards have a preset spending limit set up by the company that owns the card. I would think that debit cards do also. Call the bank the debit card is drawn on and ask. |
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